Dont go beyond what you know you can avail. So make sure that you have a sufficient salary, net income, or assets in order to pay your loan. Frequently Asked Questions: How long does it take to get approved. The processing of loan often takes 5-10 days.
Within that same time frame, the bank officer will then call you once your loan is approved. What are the valid IDs when applying for a Metrobank Loan.
The APR on a small dollar, short term loan represents the amount of your loan, cost of the loan, term of the loan and repayment amounts and timing. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term.
Depending on your credit needs and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range noted above.
This is an expensive form of credit. A short term loan should be used for short term financial needs only, not as a quick small same day cash loans term financial solution.
Customers with credit difficulties should seek credit counseling or meet with a nonprofit financial counseling service in their community.
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